https://www.taxtmi.com/caselaws?id=296440 The ITAT Delhi dismissed the Revenue's appeal, upholding the Ld. Commissioner of Income Tax (A)'s decision on disallowing provision for Auditor's Remuneration under section 40(a)(ia) of the Income Tax Act, 1961. The penalty imposed under section 271(1)(c) was also upheld, based on the reasoning that penalties cannot be imposed for disallowances made under regular provisions when income is assessed under MAT. en-us Fri, 21 Sep 2012 00:00:00 +0530 Wed, 21 Jul 2021 10:55:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296440 The ITAT Delhi dismissed the Revenue's appeal, upholding the Ld. Commissioner of Income Tax (A)'s decision on disallowing provision for Auditor's Remuneration under section 40(a)(ia) of the Income Tax Act, 1961. The penalty imposed under section 271(1)(c) was also upheld, based on the reasoning that penalties cannot be imposed for disallowances made under regular provisions when income is assessed under MAT. Case-Laws Income Tax Fri, 21 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296440